On 1 January 2021, Westfall Ltd acquired all the issued shares (cum div.) of Charles Ltd for $430,000. At that date the equity of Charles Ltd was recorded at: Share capital $310,000 Retained earnings $40,000 General Reserve $50,000 On 1 January 2021, the recorded of Charles Ltd showed that the company has previously recorded a goodwill at cost of $10,000. Further, Charles Ltd had a dividend payable of $15,000, the dividend to be paid in April 2021. All other assets and liabilities were carried at amounts equal to their fair values. Required: Prepare the acquisition analysis at 1 January 2021. (11 marks)